Commercial and multifamily mortgage loan originations remained low in the third quarter, according to the Mortgage Bankers Association's quarterly survey of commercial/multifamily mortgage bankers originations. Third quarter originations were 53% lower than during the same period last year. The year-over-year decrease was seen across all property types and most investor groups. Decreases in total commercial/multifamily mortgage originations continued to be led by a drop in commercial mortgage-backed security conduit loans and loans for commercial bank portfolios.
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